Understanding Mortgages and Home Equity

Course Level 3: Advanced

Estimated Study Time: 1-2 hours

Taking out a mortgage for a house or property is the biggest financial commitment most people make in their lives. Because of this it is of vital importance that people understand the financial concepts behind mortgages and home equity.

In this course you will learn about the concepts of assets, liabilities and equity in relation to obtaining a mortgage from a financial institution to purchase a house. You will also learn how to calculate the monthly interest repayments for a mortgage.

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